Cabinet approves disinvestment in six cash-rich PSUs
The Government has approved sale of part of its equity in six cash-rich Public Sector companiesthrough buyback or cross-holding, to meet the disinvestment target of Rs 5000 crore during 1998-99.

Stanchart's exaggerated claims are grounds for closure: Justice Variava
In yet another enormously hard hitting judgement in connection with the securities scam of 1992, Justice Sam Variava of the Special Court has ruled that Standard Chartered Banks' claim of Rs 795 crores out of a loss of Rs 1253 crores claimed by it on account of Hiten Dalal is disproved.

Amex, Citibank bid for Bankam's retail business
American Express Bank has joined Citibank and Standard Chartered Plc in the race to acquire Bank of America's (Bankam) retail banking operations in India, Singapore and Taiwan.

  Sensex suffers setback
  FIs ask promoters to pledge shares for new loans
  Bharti Telecom to be delisted
  DoT plans internet backbone
  SEBI scraps `all or none' trades
  GDP growth not to cross 4.5 pc
  Huge NPAs of Indian banks worries Moody's
  Lucent buys Ascend in $20 bn deal
  Govt rules out further sops for blocks under NELP
  Maharashtra back in IETF'99
  Zee Telefilms Q3 net jumps 40%
  FIs, banks want govt to ensure investor protection
  FIs ask FM to bring down interest rates
  DCA move to track down `vanished' firms
  No merger with Star, says Zee